18,208,822 Equity Shares of Harsha Engineers International Limited are subject to a Lock-Up Agreement Ending on 21-MAR-2024.
March 20, 2024
Share
18,208,822 Equity Shares of Harsha Engineers International Limited are subject to a Lock-Up Agreement Ending on 21-MAR-2024. These Equity Shares will be under lockup for 549 days starting from 19-SEP-2022 to 21-MAR-2024.
Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20 % of the fully diluted post-Offer Equity Share capital of the Company held by the Promoter, shall be locked in for a period of eighteen months as minimum Promoter?s contribution (?Minimum Promoter?s Contribution?) from the date of Allotment and the shareholding of the Promoter in excess of 20 % of the fully diluted post-Offer Equity Share capital shall be locked in for a period of six months from the date of Allotment.
Unless provided otherwise under applicable law, pursuant to the SEBI ICDR Regulations, the entire pre-Offer capital of the Company (including those Equity Shares held by the Promoters in excess of the Minimum Promoter?s Contribution) shall be locked-in for a period of six months from the date of Allotment, except as permitted under the SEBI ICDR Regulations. Further, any unsubscribed portion of the Offered Shares will also be locked in, as required under the SEBI ICDR Regulations.
50% of the Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in for a period of 90 days from the date of Allotment, while the remaining 50% of the Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in for a period of 30 days from the date of Allotment
Harsha Engineers International Limited is an India-based precision engineering company. The Company is engaged in the manufacturing of precision bearing cages. Its segments include Engineering and Others, and Solar-engineering, procurement, and construction (EPC) and operations and maintenance (O&M). The Engineering and Others segment includes all activities related with bearing cages and stamp components, including but not limited to sales, services, design, tooling, development, procurement and manufacturing. The Solar-EPC and O&M segment includes all activities related with solar power projects, including but not limited to engineering, design, development, procurement, construction, erection, installation, commissioning, operation and maintenance. The Company offers a range of products, including brass, steel and polyamide cages, precision components, complex stamped components, brass castings, and bronze bushings. It supplies products to both domestic and international customers.
HARSHA ENGINEERS INTERNATIONAL LIMITED 
